Quarterly ResultMay 15, 2026, 04:13 PM
Greenlane Q1 Net Revenue $0.4M, Net Loss $(18.4)M
AI Summary
Greenlane Holdings reported Q1 2026 financial results, with net revenue of $0.4 million and a net loss of $(18.4) million. The company continued to execute its BERA digital asset treasury strategy, deploying $10.1 million into BERA and BERA-equivalent assets, increasing BERA-per-share by 44%. Subsequent to the quarter, Greenlane successfully regained compliance with Nasdaq's minimum bid price requirement following a one-for-eight reverse stock split.
Key Highlights
- Regained Nasdaq listing compliance on April 21, 2026, closing the delisting matter.
- Effected a one-for-eight reverse stock split on April 6, 2026.
- Net revenue for Q1 2026 was $0.4 million, a 70% decrease from Q1 2025.
- Net loss attributable to Greenlane was $(18.4) million, or $(4.49) per Class A share.
- Loss from operations was $(5.6) million, up 60% from Q1 2025.
- Recognized a non-cash change in fair value of digital assets of $(12.9) million.
- Deployed $10.1 million into BERA and BERA-equivalent digital assets in Q1 2026.
- BERA-per-share increased by 44% to 123 units at March 31, 2026.
Price Impact
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